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“Silvergate’s status as the pure-play bank of the crypto ecosystem, has led to the creation of a bank not only with superior growth potential, but also that operates with one of the highest quality balance sheets in the industry,” JPMorgan analyst Steven Alexopoulos said in a note to clients. Original Source
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NFT’s are the latest utility of blockchain technology that has taken the world by storm. This technology is disrupting various avenues from art and sports collectibles to gaming and real estate. The NFT gaming industry has particularly boomed in the past few years and is becoming the future of the
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Microtransactions are a staple of many modern games, to the point many have just accepted them. However, new models are emerging, thanks to blockchain technology, that stand to disrupt the norm. Play-to-earn games are growing in popularity, and new services are lowering the cost of entry. These innovations are set
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It’s only been two years since its founding, but decentralized exchange (DEX) protocol 1inch Network has already surpassed $85.8 billion in cumulative trading volume. At a May 2019 hackathon in New York City, 1inch co-founders Anton Bukov and Sergej Kunz developed a prototype DEX aggregator that became the basis of the
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The U.S. House of Representatives voted to pass the infrastructure bill that contained a provision that shook the crypto world. Financial regulators called on Congress to regulate stablecoins. In other words, crypto had a big week in Washington, D.C.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection
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In a presentation made during the Singapore Fintech Festival, Annerie Vreugdenhil, chief innovation officer of ING, announced the firm is working on a trial of its decentralized finance, or DeFi, peer-to-peer lending protocol with the Netherlands Authority for the Financial Markets. Vreugdenhil said the following in regards to the development,
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The banking industry will most likely try and capitalize on the demand for stablecoin deposits on the back of the market’s exponential growth, Morgan Stanley’s lead cryptocurrency strategist, Sheena Shah, said in a report.Some notable features of these coins is that they provide access to crypto-deposit interest rates and decentralized
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Electronic Arts (EA), an important gaming and entertainment-oriented company, has made insightful remarks about the importance of NFTs and the play-to-earn model in its last earnings call. Andrew Wilson, CEO of the company, addressed the subject in response to several questions posed by business analysts. Electronic Arts Open to NFTs and
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“This is huge progress in the acceptance of stablecoins and provides a path for their adoption,” Allaire said in an emailed statement. Tether, the market leader, gave a similarly upbeat statement. While less effusive, Paxos, the No. 7 issuer, and Gemini, the company behind the 16th-largest stablecoin, were diplomatic in
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Wider adoption for nonfungible tokens (NFT) and play-to-earn games appears to be on the horizon, as one of the biggest names in the gaming industry sees both as the future of the industry.Speaking at an earnings call, Andrew Wilson, CEO of major video game company Electronic Arts (EA), said that
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